Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash Flows from Operating Activities:    
Net loss $ (6,771) $ (6,798)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 456 602
Amortization of deferred financing costs 56 56
Accounts receivable allowances 76 25
Inventory provision 321 316
Provision for warranty expenses 623 1,356
Loss on disposal of equipment 6  
Stock-based compensation 687 734
Changes in operating assets and liabilities:    
Accounts receivable 3,733 (5,761)
Inventories (4,700) (7,549)
Prepaid expenses and other current assets 131 505
Accounts payable and accrued expenses (2,881) 1,610
Accrued salaries and wages and long term liabilities 432 444
Accrued warranty reserve (695) (938)
Deferred revenue (553) (517)
Net cash used in operating activities (9,079) (15,915)
Cash Flows from Investing Activities:    
Expenditures for property and equipment (247) (263)
Net cash used in investing activities (247) (263)
Cash Flows from Financing Activities:    
Net repayment of revolving credit facility (1,276) (721)
Repayment of notes payable and capital lease obligations (206) (259)
Net cash used in employee stock-based transactions (128) (61)
Net proceeds from issuance of common stock 29,772  
Net cash provided by (used in) financing activities 28,162 (1,041)
Net decrease in Cash and Cash Equivalents 18,836 (17,219)
Cash and Cash Equivalents, Beginning of Period 27,859 38,817
Cash and Cash Equivalents, End of Period 46,695 21,598
Cash paid during the period for:    
Interest 100 146
Income taxes 68 65
Supplemental Disclosures of Non-Cash Information:    
Property and equipment included in accounts payable   $ 92